Pablo Javier Lopez - Esteras Espino
Valuations Associate at PwC - CFA Level I Passed
About
Finance graduate with a strong interest in Treasury, Trading and Portfolio Management within banking. CFA Level I passed and currently enrolled in the Master in Stock Markets and Financial Markets at IEB. Truly passionate about financial markets: I closely follow interest rates, central bank decisions and macro news, and I love understanding what moves prices and why. Daily user of Bloomberg Terminal and Refinitiv Eikon at PwC, working hands-on with market data, discount rates and cost of debt. Highly motivated to bring this energy and analytical rigor to a markets team.
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Experience
Valuations Associate
PwC (PricewaterhouseCoopers)
October 2026 - Present
• Business Valuation: Review of company valuations using Discounted Cash Flow (DCF) analysis and trading/transaction multiples. Daily use of Bloomberg Terminal and Refinitiv Eikon. • Purchase Price Allocation (PPA): Assessment of valuation methodologies, key assumptions and sensitivity analyses, including WACC, WARA, IRR and royalty rates. • Discount Rate Analysis: Calculation of WACC, cost of equity (Ke), cost of debt (Kd), terminal growth rates and Incremental Borrowing Rates (IBR). • Impairment Testing and Business Plans: Review of financial models, business projections and underlying assumptions, including sensitivity analyses.
Wealth Management - Alternative Investments Intern
Bankinter
July 2026 - September 2026
• Launched and monitored alternative investment products, collaborating with product teams, private bankers and internal departments. • Used Bloomberg and internal tools to gather market and product information. • First point of contact for private bankers on questions related to the Investment Banking department. • Supported shareholder and investor meetings by preparing documents, tracking attendees and taking notes.
Buy-Side Equity Intern
Capital Faktory Research (VisualFaktory)
May 2026 - June 2026
• Analyzed listed companies by reviewing annual reports, earnings calls, investor presentations, competitors and expert interviews. • Assessed business quality, management, risks and opportunities, and built valuation scenarios for investment decisions.
Education
Finance and Accounting
Universidad Carlos III de Madrid
September 2022 - May 2026
Developed strong analytical and financial modeling skills, with a focus on corporate finance, investment analysis, and accounting standards. Gained a solid understanding of financial markets and business decision-making. Final Degree Thesis: Company Valuation of Chocolates Valor S.A. Built a DCF and trading comparables valuation model, including WACC estimation, FCFF projections, peer benchmarking, cocoa price impact and sensitivity analysis.
Exchange Program in Economics
Mitchell E. Daniels, Jr. School of Business at Purdue University
August 2024 - May 2025
A year of hands-on coursework with a strong practical focus. Reached a professional level in Excel for financial modeling and data analysis. Additionally, visited 17 U.S. states and 5 countries during the exchange while maintaining high academic performance.
Exchange Program in Business and Economics
University of Nottingham Ningbo, China
August 2025 - January 2026
Exploring international business practices and Asian economic environments. Visiting leading companies across the region to understand local business operations and market structures. Developing intercultural competence and a global mindset through teamwork and applied research in a multicultural setting.
Masters Degree in Stock Markets and Financial Markets
Instituto de Estudios Bursátiles (IEB)
October 2026 - February 2028
Specialized master focused on financial markets, portfolio management, derivatives, and quantitative investment strategies. Emphasis on asset valuation, trading, risk management, and real-world financial market applications.
CFA Program Level I Passed
CFA Institute
August 2026
Passed the CFA Level I exam in August 2026. Covered financial analysis, portfolio management, equity and fixed income valuation, derivatives, and ethical standards in investment management.
Projects
Portfolio Performance Analysis and Optimization
Building Portfolio Weights Using Tangency Portfolio With Historical Weights, CAPM and Efficient Frontier.
European Derivatives Arbitrage
Fixed Income and Derivatives Final Project. Including: Analysis of Stocks Options, Put-Call Parity, BlackScholes Model, Options Arbitrage Trading Strategies.
Repsol, S.A. Company Valuation
Financial Management Final Project. Including: Discounted Cash Flow (DCF), Weighted Average Cost of Capital (WACC), CAPM Sensitivity Analysis.
Tokon Capital Analyst
Analyzed and presented detailed reports on investment options, including valuations, financial analysis and performance metrics.
QRsume Co-Founder
Head of Strategy, Finance, Web Development and Brand Direction. QRsume is a platform where users can create a professional CV and Personal Web in just five minutes.
PERSONAL ACCOMPLISHMENTS
• Trading in the Stock and Crypto Market since I was 16 years old. • Investment Management Podcast Founder, with the purpose of consolidating my knowledge while explaining it to others. • Co-Founder of QRsume during my studies at Purdue University. Project is still in development and continuous growth. • International Experience: Visited 32 countries, lived in 4: Spain, the U.S., Bahrain and China • Practical Application of Projects: Adapting class projects to my personal investments and interests, integrating academic knowledge with real experience in finance.